General Electric (NYSE:GE) Shares Up 0.6%

General Electric (NYSE:GE) shot up 0.6% on Tuesday . The stock traded as high as $175.05 and last traded at $174.59. 929,168 shares were traded during trading, a decline of 84% from the average session volume of 5,894,241 shares. The stock had previously closed at $173.49.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GE. Jefferies Financial Group boosted their target price on General Electric from $180.00 to $195.00 in a research report on Monday, March 11th. Barclays upped their price objective on General Electric from $153.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Citigroup upped their price objective on General Electric from $135.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, December 11th. JPMorgan Chase & Co. raised General Electric from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $166.00 to $180.00 in a research report on Friday, March 8th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.54.

General Electric Stock Up 3.8 %

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market capitalization of $196.92 billion, a PE ratio of 21.52, a PEG ratio of 2.30 and a beta of 1.28. The business has a 50 day moving average of $150.52 and a two-hundred day moving average of $129.01.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. The firm had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. Analysts predict that General Electric will post 4.57 EPS for the current year.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sei Investments Co. grew its holdings in General Electric by 10.0% during the first quarter. Sei Investments Co. now owns 305,384 shares of the conglomerate’s stock worth $27,925,000 after acquiring an additional 27,682 shares during the period. Prudential PLC acquired a new stake in General Electric during the first quarter worth about $1,518,000. Sequoia Financial Advisors LLC grew its holdings in General Electric by 2.9% during the first quarter. Sequoia Financial Advisors LLC now owns 11,748 shares of the conglomerate’s stock worth $1,075,000 after acquiring an additional 334 shares during the period. Merit Financial Group LLC acquired a new stake in General Electric during the first quarter worth about $388,000. Finally, West Family Investments Inc. acquired a new stake in General Electric during the first quarter worth about $230,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

About General Electric

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.